Japanese shares advanced to a 5-1/2-week high on Monday, supported by hopes that stimulus from the world's largest economies would help stave off a global recession.
The benchmark Nikkei average rose 0.5% to 21,305.89 by the midday break, while the broader Topix gained 0.6% to 1,546.62 - both were at their highest levels since Aug. 1.
Bucking the broad market trend, Nissan Motor fell 0.2% after the Nikkei newspaper reported chief executive Hiroto Saikawa as saying he wanted to “pass the baton” to the next generation as soon as possible. Sources told Reuters the carmaker's nominating committee will discuss Saikawa's resignation and possible successors on Monday.
Source : Reuters